Frank Knight Quotes

Goods Move In Response To Price Differences From Points Of Low To Points Of Higher Price, The Movement Tending To Obliterate The Price Difference And Come To Rest.

It Is True Practically If Not Altogether Without Exception That The Changes Studied By Any Science Tend To Equilibrate Or Neutralize The Forces Which Bring Them About, And Finally To Come To Rest.

One-third Of Your Plays Are Special Teams, So To Block A Punt And Get Good Field Position Out Of It And Score Was Big.

...even Professors Of Economics, To Say Nothing Of The Public, Do Not Generally Have Scientific Minds.

Conflicting Economic Interest Is Relatively Unimportant As A Cause Of War.

If All Properly Economic Problems Were Solved Once For All . . . The Social Struggle And Strife Would . . . [not Necessarily] Be Reduced In Amount Or Intensity . . . In The Absence Of Some Moral Revolution Which Could By No Means Be Assumed To Follow In Consequence Of This Change Itself.

The Truth Seems . . . To Be That In The Ultimate And Essential Problem The Economic Factor Is Relatively Superficial And Unimportant.

I Have Been....moved To Wonder Whether My Job Is A Job Or A Racket, Whether Economists, And Particularly Economic Theorists, May Not Be In The Position That Cicero, Citing Cato, Ascribed To The Augurs Of Rome-that They Should Cover Their Faces Or Burst Into Laugher When They Met On The Street.

All Science Is Static In The Sense That It Describes The Unchanging Aspects Of Things.

There Is No Sense In Making Statements That Will Not Continue To Be True After They Are Made.

Sociology Isthescience Of Talk, And There Is Onlyone Law In Sociology. Bad Talk Drives Out Good.

Large Scale Collective Bargaining . . . Is Merely A Seductive Name For Bilateral Monopoly, And Means Either Adjudication Of Conflicts In Terms Of Power, Or Deadlock And Stoppage, Usually Injuring Outside People More Than The Immediate Parties To The Dispute.